Whenever SEPm will download definitions it will push it out to the clients and it cannot be controlled from liveupdate policy.
Immediately disable the liveupdate policy setting that you have made as that allows clients to download definitions from the internet and that is why it is slowing down your Network.
In SEPM go to
Admin-Server-Local Site --Right-click --Properties--Liveupdate
And set the schedule when to download defs..
every 4 hours is set by default.
In your Liveupdate Policy make sure only "Default Management Server" is selected Uncheck Symantec Liveupdate Server ( as that allows clients to download defs from internet)
Then you can change the communication setting to PUSH mode to PULL mode and Increase the heartbeat Interval from 5 mins to more says 1 hour or more.as that will give some breathing space to your network/Bandwidth.
from SEPm--Clients --select group--Policy--Communication Settings